Market Report: Top 10 Gainers & Losers

Gainers

• AVGO (2.65%): Broadcom (AVGO) saw a 2.65% increase after Barclays raised its price target to $265.00 and other brokerages also provided positive commentary on the semiconductor manufacturer's stock.
• MO (1.69%): MO's stock price increased by 1.69% as investors react positively to bipartisan efforts to increase the federal minimum wage to $15 per hour, potentially leading to higher consumer spending.
• IVZ (1.69%): IVZ stock rose by 1.69% following the release of positive Q1 2025 earnings results beating analyst expectations.
• CVS (1.63%): CVS stock increased by 1.63% as institutional investors like Alpha Omega Wealth Management LLC and Assenagon Asset Management S.A. significantly boosted their stakes in the company during the first quarter.
• DVN (1.57%): Devon Energy (DVN) experienced a 1.57% increase after receiving a new $46.00 price target upgrade by Wells Fargo & Company and an overweight rating, along with an upgrade from "sell" to "hold" by StockNews.com, despite a separate downgrade by StockNews
• CRWD (1.24%): CrowdStrike Holdings, Inc. (CRWD) rose by 1.24% as institutional investors like OLD National Bancorp IN took new positions and raised price targets, indicating strong confidence in the company's growth prospects.
• AES (1.23%): AES stock rose by 1.23% as positive news and calls for collaboration between the AES and regional organizations outweighed any potential destabilization concerns.
• ABBV (1.10%): ABBV's stock increased by 1.10% as investors reacted positively to AbbVie's presentation at the Goldman Sachs conference and the reaffirmation of a neutral rating by Citigroup despite a slight decrease in holdings by Woodstock Corp.
• DLTR (0.99%): DLTR moved up by 0.99% as analysts reaffirmed a "Buy" rating and raised the price target for Dollar Tree, countering the negative impact of a downgrade to a "Strong Sell" rating by The Goldman Sachs Group.
• FANG (0.85%): The ticker FANG moved up by 0.85% as investors reacted positively to the news of a director selling a significant amount of DoorDash stock at a high price, potentially signaling confidence in the company's future prospects.

Losers

• BBY (-3.26%): The stock of Best Buy Co., Inc. (BBY) dropped by 3.26% as institutional investors like Procyon Advisors LLC purchased a new stake while UBS Group lowered the price target to $90.
• AMD (-2.55%): AMD's stock decreased by 2.55% due to analysts setting lower expectations for the company's FY2026 earnings and a lack of significant positive news.
• AMZN (-1.97%): AMZN's stock price decreased by 1.97% due to profit-taking following its strong performance as one of the best-performing IPOs in 2025.
• AMAT (-1.83%): AMAT's stock decreased by 1.83% due to analysts issuing lower-than-expected earnings forecasts for FY2026.
• AAPL (-1.81%): AAPL's stock decreased by 1.81% as investors contemplate the potential impact of the "Outperform" rating reiterated by Wedbush and the overall market sentiment towards tech companies.
• AVY (-1.70%): AVY moved negatively by 1.70% as California State Teachers Retirement System sold a portion of its shares in Avis Budget Group, Inc.
• BAX (-1.69%): BAX's stock dropped by 1.69% due to negative forecasts for its Q3 earnings by Zacks Research and investor anticipation surrounding the upcoming earnings announcement.
• ALGN (-1.61%): ALGN decreased by 1.61% as analysts at Leerink Partnrs lowered their FY2028 earnings forecast for the company, leading to a negative outlook on its future performance.
• ALLE (-1.38%): ALLE's stock price decreased by 1.38% due to potential uncertainties surrounding the market caused by news of the Braves potentially selling a key player and the US preparing to order the departure of nonessential staff from the Baghdad embassy.
• AZO (-1.30%): AutoZone's stock decreased by 1.30% as despite receiving positive reaffirmations and increased price targets from various analysts, the overall sentiment was not strong enough to drive a significant positive movement.